Bid prices to farmers, FOB Memphis elevators by truck

Friday, January 18, 2019

Bids      Change             Basis          Change
Corn       3.8200-3.8600   UP 10-UP 6         2H to 6H       UP 4 to UNCH
Soybeans   8.7875-8.7975   UP 12.25-UP 9.25   -29H to -28H   DN 1 to DN 4
SRW Wheat  5.1775          UP 5.25            OptH           UNCH
Sorghum    NA              NA                 NA             NA

Contract Bids for New Crop Delivery
Corn       3.9350-4.0250   UP 4.75            -5U to 4U      UNCH
Soybeans   9.1825-9.2325   UP 5.75-UP 10.75   -30X to -25X   DN 5 to UNCH
SRW Wheat  5.4325-5.4825   UP 5.25            15N to 20N     UNCH
Sorghum    NA              NA                 NA             NA

* All bids are $/bu except Sorghum, which is $/cwt.
NA = Not Available  No Comp = No Comparison

Chicago Board of Trade month symbols: F January, G February, H March,
J April, K May, M June, N July, Q August, U September, V October,
X November, Z December
Monthly Prices for: December 2018

No. 2 Yellow Corn                       3.8455
No. 1 Yellow Soybeans                   8.7963
No. 2 Soft Red Winter Wheat                 NA
No. 1 Yellow Sorghum                    5.7388

Source: USDA-AR Agriculture Dept, Little Rock, AR
        Heather Riley  501-823-1743

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